Audit 18059

FY End
2022-06-30
Total Expended
$45.34M
Findings
10
Programs
4
Year: 2022 Accepted: 2023-03-02

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
19955 2022-001 Significant Deficiency - L
19956 2022-001 Significant Deficiency - L
19957 2022-001 Significant Deficiency - L
19958 2022-001 Significant Deficiency - L
19959 2022-001 Significant Deficiency - L
596397 2022-001 Significant Deficiency - L
596398 2022-001 Significant Deficiency - L
596399 2022-001 Significant Deficiency - L
596400 2022-001 Significant Deficiency - L
596401 2022-001 Significant Deficiency - L

Programs

ALN Program Spent Major Findings
21.019 Coronavirus Relief Fund $40.28M Yes 0
12.002 Procurement Technical Assistance for Business Firms $372,418 - 0
59.061 State Trade and Export Promotion Pilot Grant Program $291,402 - 0
59.037 Small Business Development Centers $6,548 Yes 1

Contacts

Name Title Type
SFJMLPWZ4547 Robert Paglia Auditee
3172345670 Scott Schuster Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal grant activity of Indiana Economic Development Corporation, a component unit of the State of Indiana, (the IEDC) for the year ended June 30, 2022. The information in the Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of operations of the IEDC, it is not intended to and does not present the net assets, changes in net assets, or cash flows of the IEDC. Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the Uniform Guidance, or when not applicable the specific federal award agreement, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Subrecipients: The amounts of expenditures to subrecipients represents the actual expenditures incurred by subrecipients and reimbursable by IEDC during the year ended June 30, 2022. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Criteria: 2 CFR 170 Appendix A I(a) requires nonfederal entities to report on a public-facing Office of Management and Budget (OMB)-designated governmentwide website first-tier subawards that equal or exceed $30,000 in federal funds for a subaward to a non-federal entity. Condition and Context: The Indiana Economic Development Corporation, a component Unit of the State of Indiana (the IEDC), did not complete the required reporting in the criteria noted above due to lack of knowledge that the requirement was appliable to the IEDC. No other noncompliance related to reporting was noted. Cause and Effect: The lack of required reporting noted in the criteria above resulted in noncompliance with the compliance requirement. Recommendation: The IEDC should review if it is necessary to complete any reporting on past due first-tier subawards over $30,000 to a non-federal entity and respond accordingly. The IEDC should also consider implementing a policy or policies to ensure the entity is aware and compliant with all reporting requirements. Views of Responsible Officials and Planned Corrective Action: The IEDC agrees with the recommendation and plans to have the corrective action implemented by March 31, 2023.
Criteria: 2 CFR 170 Appendix A I(a) requires nonfederal entities to report on a public-facing Office of Management and Budget (OMB)-designated governmentwide website first-tier subawards that equal or exceed $30,000 in federal funds for a subaward to a non-federal entity. Condition and Context: The Indiana Economic Development Corporation, a component Unit of the State of Indiana (the IEDC), did not complete the required reporting in the criteria noted above due to lack of knowledge that the requirement was appliable to the IEDC. No other noncompliance related to reporting was noted. Cause and Effect: The lack of required reporting noted in the criteria above resulted in noncompliance with the compliance requirement. Recommendation: The IEDC should review if it is necessary to complete any reporting on past due first-tier subawards over $30,000 to a non-federal entity and respond accordingly. The IEDC should also consider implementing a policy or policies to ensure the entity is aware and compliant with all reporting requirements. Views of Responsible Officials and Planned Corrective Action: The IEDC agrees with the recommendation and plans to have the corrective action implemented by March 31, 2023.
Criteria: 2 CFR 170 Appendix A I(a) requires nonfederal entities to report on a public-facing Office of Management and Budget (OMB)-designated governmentwide website first-tier subawards that equal or exceed $30,000 in federal funds for a subaward to a non-federal entity. Condition and Context: The Indiana Economic Development Corporation, a component Unit of the State of Indiana (the IEDC), did not complete the required reporting in the criteria noted above due to lack of knowledge that the requirement was appliable to the IEDC. No other noncompliance related to reporting was noted. Cause and Effect: The lack of required reporting noted in the criteria above resulted in noncompliance with the compliance requirement. Recommendation: The IEDC should review if it is necessary to complete any reporting on past due first-tier subawards over $30,000 to a non-federal entity and respond accordingly. The IEDC should also consider implementing a policy or policies to ensure the entity is aware and compliant with all reporting requirements. Views of Responsible Officials and Planned Corrective Action: The IEDC agrees with the recommendation and plans to have the corrective action implemented by March 31, 2023.
Criteria: 2 CFR 170 Appendix A I(a) requires nonfederal entities to report on a public-facing Office of Management and Budget (OMB)-designated governmentwide website first-tier subawards that equal or exceed $30,000 in federal funds for a subaward to a non-federal entity. Condition and Context: The Indiana Economic Development Corporation, a component Unit of the State of Indiana (the IEDC), did not complete the required reporting in the criteria noted above due to lack of knowledge that the requirement was appliable to the IEDC. No other noncompliance related to reporting was noted. Cause and Effect: The lack of required reporting noted in the criteria above resulted in noncompliance with the compliance requirement. Recommendation: The IEDC should review if it is necessary to complete any reporting on past due first-tier subawards over $30,000 to a non-federal entity and respond accordingly. The IEDC should also consider implementing a policy or policies to ensure the entity is aware and compliant with all reporting requirements. Views of Responsible Officials and Planned Corrective Action: The IEDC agrees with the recommendation and plans to have the corrective action implemented by March 31, 2023.
Criteria: 2 CFR 170 Appendix A I(a) requires nonfederal entities to report on a public-facing Office of Management and Budget (OMB)-designated governmentwide website first-tier subawards that equal or exceed $30,000 in federal funds for a subaward to a non-federal entity. Condition and Context: The Indiana Economic Development Corporation, a component Unit of the State of Indiana (the IEDC), did not complete the required reporting in the criteria noted above due to lack of knowledge that the requirement was appliable to the IEDC. No other noncompliance related to reporting was noted. Cause and Effect: The lack of required reporting noted in the criteria above resulted in noncompliance with the compliance requirement. Recommendation: The IEDC should review if it is necessary to complete any reporting on past due first-tier subawards over $30,000 to a non-federal entity and respond accordingly. The IEDC should also consider implementing a policy or policies to ensure the entity is aware and compliant with all reporting requirements. Views of Responsible Officials and Planned Corrective Action: The IEDC agrees with the recommendation and plans to have the corrective action implemented by March 31, 2023.
Criteria: 2 CFR 170 Appendix A I(a) requires nonfederal entities to report on a public-facing Office of Management and Budget (OMB)-designated governmentwide website first-tier subawards that equal or exceed $30,000 in federal funds for a subaward to a non-federal entity. Condition and Context: The Indiana Economic Development Corporation, a component Unit of the State of Indiana (the IEDC), did not complete the required reporting in the criteria noted above due to lack of knowledge that the requirement was appliable to the IEDC. No other noncompliance related to reporting was noted. Cause and Effect: The lack of required reporting noted in the criteria above resulted in noncompliance with the compliance requirement. Recommendation: The IEDC should review if it is necessary to complete any reporting on past due first-tier subawards over $30,000 to a non-federal entity and respond accordingly. The IEDC should also consider implementing a policy or policies to ensure the entity is aware and compliant with all reporting requirements. Views of Responsible Officials and Planned Corrective Action: The IEDC agrees with the recommendation and plans to have the corrective action implemented by March 31, 2023.
Criteria: 2 CFR 170 Appendix A I(a) requires nonfederal entities to report on a public-facing Office of Management and Budget (OMB)-designated governmentwide website first-tier subawards that equal or exceed $30,000 in federal funds for a subaward to a non-federal entity. Condition and Context: The Indiana Economic Development Corporation, a component Unit of the State of Indiana (the IEDC), did not complete the required reporting in the criteria noted above due to lack of knowledge that the requirement was appliable to the IEDC. No other noncompliance related to reporting was noted. Cause and Effect: The lack of required reporting noted in the criteria above resulted in noncompliance with the compliance requirement. Recommendation: The IEDC should review if it is necessary to complete any reporting on past due first-tier subawards over $30,000 to a non-federal entity and respond accordingly. The IEDC should also consider implementing a policy or policies to ensure the entity is aware and compliant with all reporting requirements. Views of Responsible Officials and Planned Corrective Action: The IEDC agrees with the recommendation and plans to have the corrective action implemented by March 31, 2023.
Criteria: 2 CFR 170 Appendix A I(a) requires nonfederal entities to report on a public-facing Office of Management and Budget (OMB)-designated governmentwide website first-tier subawards that equal or exceed $30,000 in federal funds for a subaward to a non-federal entity. Condition and Context: The Indiana Economic Development Corporation, a component Unit of the State of Indiana (the IEDC), did not complete the required reporting in the criteria noted above due to lack of knowledge that the requirement was appliable to the IEDC. No other noncompliance related to reporting was noted. Cause and Effect: The lack of required reporting noted in the criteria above resulted in noncompliance with the compliance requirement. Recommendation: The IEDC should review if it is necessary to complete any reporting on past due first-tier subawards over $30,000 to a non-federal entity and respond accordingly. The IEDC should also consider implementing a policy or policies to ensure the entity is aware and compliant with all reporting requirements. Views of Responsible Officials and Planned Corrective Action: The IEDC agrees with the recommendation and plans to have the corrective action implemented by March 31, 2023.
Criteria: 2 CFR 170 Appendix A I(a) requires nonfederal entities to report on a public-facing Office of Management and Budget (OMB)-designated governmentwide website first-tier subawards that equal or exceed $30,000 in federal funds for a subaward to a non-federal entity. Condition and Context: The Indiana Economic Development Corporation, a component Unit of the State of Indiana (the IEDC), did not complete the required reporting in the criteria noted above due to lack of knowledge that the requirement was appliable to the IEDC. No other noncompliance related to reporting was noted. Cause and Effect: The lack of required reporting noted in the criteria above resulted in noncompliance with the compliance requirement. Recommendation: The IEDC should review if it is necessary to complete any reporting on past due first-tier subawards over $30,000 to a non-federal entity and respond accordingly. The IEDC should also consider implementing a policy or policies to ensure the entity is aware and compliant with all reporting requirements. Views of Responsible Officials and Planned Corrective Action: The IEDC agrees with the recommendation and plans to have the corrective action implemented by March 31, 2023.
Criteria: 2 CFR 170 Appendix A I(a) requires nonfederal entities to report on a public-facing Office of Management and Budget (OMB)-designated governmentwide website first-tier subawards that equal or exceed $30,000 in federal funds for a subaward to a non-federal entity. Condition and Context: The Indiana Economic Development Corporation, a component Unit of the State of Indiana (the IEDC), did not complete the required reporting in the criteria noted above due to lack of knowledge that the requirement was appliable to the IEDC. No other noncompliance related to reporting was noted. Cause and Effect: The lack of required reporting noted in the criteria above resulted in noncompliance with the compliance requirement. Recommendation: The IEDC should review if it is necessary to complete any reporting on past due first-tier subawards over $30,000 to a non-federal entity and respond accordingly. The IEDC should also consider implementing a policy or policies to ensure the entity is aware and compliant with all reporting requirements. Views of Responsible Officials and Planned Corrective Action: The IEDC agrees with the recommendation and plans to have the corrective action implemented by March 31, 2023.